Tag Archive for: permian

Dante Caravaggio discusses EON’s Grayburg-Jackson drilling plans, production growth, and investor funding strategy.

EON Resources advances San Andres development strategy

EON Resources is centering its next phase of expansion on the San Andres formation within its Permian Basin portfolio. President and CEO Dante Caravaggio described plans for the company to participate in an initial three-well horizontal program, followed by 10 additional wells. The development campaign is intended to increase production from EON’s existing acreage while using horizontal drilling to access a broader portion of the formation. Well performance, development costs and the pace of deployment will help determine how rapidly the company can expand its operating base.

Management is also seeking additional investment to support the company’s planned growth. Caravaggio said EON expects annual revenue to reach approximately $100 million within five years. The company recorded EBITDA of about $6 million in 2025 and is targeting roughly $12 million in 2026 and $24 million in 2027, with further increases anticipated as development progresses. These financial goals are closely connected to the execution of the San Andres drilling program, making operating results and continued access to capital important factors in EON’s expansion strategy.

Source: The Energy Year
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DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
Independent drillers have begun adding rigs in the Permian Basin, albeit slowly, according to the data analysis firm Enverus.

Permian drillers add rigs as oil prices stay elevated

Independent oil producers are gradually increasing activity in the Permian Basin as crude prices remain elevated, according to E&E News by POLITICO. Data cited from Enverus shows Permian rig counts rising from 221 at the start of January to 245 in May, before easing to 240 this week. The article also notes that some operators are completing drilled-but-uncompleted wells to bring supply online faster than starting entirely new wells.

The expected production increase is estimated at about 250,000 barrels per day, which the article says is not large enough to significantly change broader crude pricing trends. Diamondback Energy, based in Midland, had 73 unfracked wells as of April 2026, according to Rystad Energy data cited in the report, and announced plans in May to use five fracking crews to complete some of them. For readers tracking oil and gas royalties or the role of Permian Basin production, the report highlights how drilling decisions, well backlogs, and operator strategy can influence supply outlooks.

The article also points to changing ownership patterns in the basin. Larger producers such as Exxon Mobil and Chevron now control a significant share of the highest-quality drilling locations, which may make overall production growth more measured than in past cycles led by smaller shale operators.

Source: E&E News by POLITICO

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Ranger Land & Minerals curates weekly insights from across the oil and gas industry to keep our readers informed. To receive news like this directly in your inbox, join our free newsletter. If you’d like to learn more about mineral rights and oil royalty opportunities, contact us to speak with a representative.
DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
Phillips 66 will build the Zeus Gas Plant and a third Texas fractionator to handle rising Permian gas output.

Phillips 66 advances Permian gas processing projects

Phillips 66 plans to move forward with two Texas midstream projects designed to handle additional natural gas and natural gas liquids from the Permian Basin. According to EnergyNow, the company’s Zeus Gas Plant will be built with capacity to process 300 million cubic feet per day of gas and will include the new Midland Express Pipeline.

The Midland Express Pipeline is expected to run about 45 miles and move up to 230 million cubic feet per day of raw natural gas from Phillips 66’s Permian Basin gathering systems. The company also plans a third Coastal Bend Fractionator, which will add 100,000 barrels per day of natural gas liquids fractionation capacity. A fractionator separates mixed NGLs into products such as ethane, propane and butane so they can be transported, sold or exported separately.

Both projects are expected to begin operations in 2028 and are part of Phillips 66’s previously announced $2.0 billion to $2.5 billion capital spending range. For readers tracking oil and gas leasing and oil and gas royalty opportunities, the announcement highlights continued infrastructure investment tied to Permian production and downstream market access.

Source: EnergyNow

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Ranger Land & Minerals curates weekly insights from across the oil and gas industry to keep our readers informed. To receive news like this directly in your inbox, join our free newsletter. If you’d like to learn more about mineral rights and oil royalty opportunities, contact us to speak with a representative.
DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
TIPRO report: U.S., Permian, and Texas oil output hit records as flaring intensity fell sharply in recent years.

Permian output reaches record levels as flaring eases

A new report from the Texas Independent Producers and Royalty Owners Association found that oil production in the United States, Texas, and the Permian Basin has reached record levels while flaring intensity has moved lower in recent years. According to the report, U.S. flaring intensity is down 45% since 2019, while oil production increased 8% over the same period. Texas and the Permian Basin posted larger improvements, with flaring intensity down about 50% and 62%, respectively.

The Permian Basin produced about 6.3 million barrels of crude oil per day, representing nearly half of total U.S. oil output. Texas also surpassed 2 billion barrels of annual production for the first time. From 2023 to 2024, Permian production increased 6%, while flaring intensity eased nearly 10% and flared volumes were reduced by 4%. The report pointed to expanded pipeline takeaway capacity, including projects such as Gulf Coast Express, Permian Highway Pipeline, and Matterhorn Express, as an important factor supporting those results.

For market participants, mineral owners, and readers following oil production in Texas, the findings highlight how infrastructure development can support higher shale output while improving operational efficiency. The report also provides useful context for those tracking oil and gas royalties, since production growth and midstream capacity can influence long-term activity across major producing regions.

Source: World Oil

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Ranger Land & Minerals curates weekly insights from across the oil and gas industry to keep our readers informed. To receive news like this directly in your inbox, join our free newsletter. If you’d like to learn more about mineral rights and oil royalty opportunities, contact us to speak with a representative.
DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
U.S. natural gas output hit a record 118.5 Bcf/day in 2025, led by growth in Permian, Appalachia and Haynesville.

U.S. natural gas production sets new record in 2025

U.S. marketed natural gas production reached a record average of 118.5 billion cubic feet per day in 2025, with the strongest growth coming from Appalachia, the Permian Basin, and Haynesville. Appalachia remained the country’s largest producing region at 36.6 Bcf/d, while the Permian posted the fastest growth rate, rising 11% to 27.7 Bcf/d. The article notes that these three regions accounted for most of the year’s production gains, supported by a combination of higher gas prices, oil-directed drilling in the Permian, and added takeaway capacity in parts of the Northeast.

In the Permian, rising associated gas volumes from oil production played a major role in the increase, even as crude prices averaged below the prior year. Appalachia also added output as pipeline capacity improved following recent infrastructure additions, while Haynesville benefited from stronger economics and access to Gulf Coast demand centers. For mineral owners and industry observers, the record shows how regional infrastructure, commodity pricing, and basin-specific production trends can shape supply growth over time, alongside broader factors such as average natural gas well production and well performance expectations.

Source: Pipeline & Gas Journal
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Ranger Land & Minerals curates weekly insights from across the oil and gas industry to keep our readers informed. To receive news like this directly in your inbox, join our free newsletter. If you’d like to learn more about mineral rights and oil royalty opportunities, contact us to speak with a representative.
DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
Texas Rep. Brooks Landgraf says the Permian Basin is key to U.S. energy supply as Iran tensions impact global oil markets.

Permian output highlighted as strategic amid Iran tensions

Texas State Rep. Brooks Landgraf said the Permian Basin remains an important part of the U.S. energy picture as tensions involving Iran continue to affect global oil markets. The report, published by YourBasin, points to the market response following late-February military developments involving Iran and the resulting pressure on energy infrastructure and traffic through the Strait of Hormuz, one of the world’s most important oil transit routes.

Landgraf’s comments centered on the value of strong domestic production during periods when overseas supply routes face added pressure. For investors and mineral owners, the story underscores how major geopolitical events can increase attention on U.S. producing regions such as West Texas, where steady output and established infrastructure can play a larger role in supporting supply reliability and broader market stability. That backdrop also keeps interest elevated in assets tied to oil and gas development, including mineral rights and royalty opportunities in active producing areas.

Source: YourBasin

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Ranger Land & Minerals curates weekly insights from across the oil and gas industry to keep our readers informed. To receive news like this directly in your inbox, join our free newsletter. If you’d like to learn more about mineral rights and oil royalty opportunities, contact us to speak with a representative.
DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
Devon Energy and Coterra Energy are merging in an all-stock deal valued at $58 billion to create a new U.S. shale oil and gas heavyweight.

Devon and Coterra announce a $58 billion shale merger

Devon Energy and Coterra Energy have agreed to combine in an all-stock transaction that values the deal at roughly $58 billion. Under the terms announced on February 2, 2026, Coterra shareholders would receive 0.70 shares of Devon stock for each Coterra share, leaving Devon shareholders with about 54% of the combined company and Coterra shareholders with about 46%.

The companies say the merger would create a larger U.S. shale operator with a major footprint in the Permian Basin, including sizable adjacent positions in the Delaware Basin, alongside assets in other core U.S. producing regions. Leadership is expected to include Devon CEO Clay Gaspar as chief executive, with Coterra CEO Tom Jorden serving as non-executive chair. The companies also highlighted targeted cost and operating synergies, alongside a plan focused on scale, inventory depth, and shareholder returns—an approach that continues the broader consolidation trend across U.S. upstream producers.

If you want more background on oil & gas consolidation, see our explainer on industry consolidation and our overview of oil production in Texas.

Source: MSN
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Ranger Land & Minerals curates weekly insights from across the oil and gas industry to keep our readers informed. To receive news like this directly in your inbox, join our free newsletter. If you’d like to learn more about mineral rights and oil royalty opportunities, contact us to speak with a representative.
DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
The US Geological Survey discovered new oil and gas reserves in the Permian Basin — enough to supply the US for 10 months.

USGS discovers new oil and gas reserves in the Permian Basin

The U.S. Geological Survey (USGS) says the Permian Basin may hold sizable additional oil and natural gas resources in the deeper Woodford and Barnett shale formations beneath West Texas and New Mexico. In a new assessment released Wednesday, the agency estimated about 1.6 billion barrels of technically recoverable oil and 28.3 trillion cubic feet of natural gas—volumes it said equate to roughly 10 weeks of U.S. oil use and about 10 months of U.S. gas consumption at current rates.

For producers, the assessment highlights why some Houston-based operators are increasingly looking beyond established drilling “landing zones” as they plan for longer-term supply. Researchers at the University of Texas Bureau of Economic Geology noted the Woodford and Barnett targets are deeper and hotter than many conventional Permian plays, which can raise costs and increase associated gas volumes. The Barnett also contains more clay, creating additional drilling hazards, and companies still need to pinpoint the most productive “sweet spots” before development can scale. For a practical overview of exploration steps mineral owners may hear about, see How to Find Oil on Your Land and Ranger’s Oil & Gas Royalties guide.

Source: Houston Chronicle
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Ranger Land & Minerals curates weekly insights from across the oil and gas industry to keep our readers informed. To receive news like this directly in your inbox, join our free newsletter. If you’d like to learn more about mineral rights and oil royalty opportunities, contact us to speak with a representative.
DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
The all-new Hugh Brinson Pipeline supports continued US gas market growth amid global calls for energy diversification.

Energy Transfer’s Hugh Brinson Pipeline targets late-2026 startup

Energies Media reports that Energy Transfer is advancing the Hugh Brinson Pipeline, a new 442-mile project designed to move natural gas from processing facilities in Texas into existing pipeline infrastructure south of the Dallas–Fort Worth area. The company said the pipeline remains on schedule for completion in late 2026, with initial deliveries expected toward the end of 2026.

The article notes that the project is part of a broader buildout of Permian Basin natural gas takeaway capacity aimed at serving growing demand from Texas markets and other downstream customers. Energy Transfer also said the project has progressed through required regulatory processes and that much of the route follows an existing pipeline right-of-way to help limit construction impacts. For additional context on the wider trend, see Ranger coverage on the Permian pipeline buildout and recent capacity additions like the Matterhorn Express expansion.

Energies Media adds that construction began in 2025 and the project is expected to support local manufacturing of steel components. During construction, Energy Transfer said the effort provided nearly 3,100 jobs, with an additional 34 full-time roles associated with the project.

Source: Energies Media
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Ranger Land & Minerals curates weekly insights from across the oil and gas industry to keep our readers informed. To receive news like this directly in your inbox, join our free newsletter. If you’d like to learn more about mineral rights and oil royalty opportunities, contact us to speak with a representative.
DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
New Mexicans living and working in the Permian Basin power global energy leadership, driving the basin toward 50% of US oil by 2030.

Permian partnership highlights workforce, safety, and community investment

An opinion column from Tracee Bentley, president and CEO of the Permian Strategic Partnership (PSP), argues that sustaining Permian Basin growth depends on continued investment in the southeast New Mexico communities that support energy development. Bentley writes that if the Permian Basin were a country, it would rank among the world’s top oil producers, and that the region could account for 50% of U.S. oil production by 2030. She says energy companies formed the PSP to collaborate on regional priorities, reporting more than $214 million in direct spending over six years and over $2.3 billion in leveraged collaborative investments.

The piece focuses on workforce development and public services needed to support long-term activity, citing an estimated need for nearly 186,000 additional workers by 2040. Bentley highlights PSP support for career and technical programs in Hobbs, Artesia, and at Southeast New Mexico College, including $15 million in funding this year. She also points to expanded commercial driver training at New Mexico Junior College (with an estimated need for 7,000 new drivers by 2040), regional first-responder training with Eddy County Fire and Rescue, and a $325,000 investment for five cardiac monitors for Carlsbad Fire Department units. Bentley adds that the Permian region represents 9.2% of New Mexico’s population but produces 25.9% of the state’s private-sector GDP, framing these efforts as support for a durable economic base tied to the Permian Basin and ongoing oil and gas royalties.

Source: Albuquerque Journal
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Ranger Land & Minerals curates weekly insights from across the oil and gas industry to keep our readers informed. To receive news like this directly in your inbox, join our free newsletter. If you’d like to learn more about mineral rights and oil royalty opportunities, contact us to speak with a representative.
DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.